DISH Issues Update on Sprint Proposal

  DISH Issues Update on Sprint Proposal

Business Wire

ENGLEWOOD, Colo. -- June 10, 2013

In response to media inquires about the current state of play regarding its
proposal to merge with the Sprint Nextel Corporation, DISH Network Corp.
(NASDAQ: DISH) issued the following statement:

“DISH submitted a formal proposal to merge with Sprint on April 15, 2013. We
believe our proposal is both economically and strategically superior to that
of SoftBank. DISH and Sprint continue to meet regularly and conduct the due
diligence process that began in late May. In addition, DISH and Sprint
continue to negotiate the terms of a merger agreement.”

About DISH

DISH Network Corporation (NASDAQ: DISH), through its subsidiary DISH Network
L.L.C., provides approximately 14.092 million satellite TV customers, as of
March 31, 2013, with the highest quality programming and technology with the
most choices at the best value, including HD Free for Life®. Subscribers enjoy
the largest high definition line-up with more than 200 national HD channels,
the most international channels, and award-winning HD and DVR technology. DISH
Network Corporation's subsidiary, Blockbuster L.L.C., delivers family
entertainment to millions of customers around the world. DISH Network
Corporation is a Fortune 200 company. Visit www.dish.com.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of DISH Network Corporation to be materially different from
any future results, performance or achievements expressed or implied by such
forward-looking statements. More information about such risks, uncertainties
and other factors is set forth in DISH Network Corporation’s Disclosure
Regarding Forward-Looking Statements included in its recent filings with the
Securities and Exchange Commission (the “SEC”), including its annual report on
Form10-K for the year ended December31, 2012 and any subsequent quarterly
reports on Form10-Q. Risks and uncertainties relating to the proposed
transaction include, without limitation, the risks that: Sprint Nextel
Corporation will not enter into any definitive agreement with DISH Network
Corporation or the terms of any definitive agreement will be materially
different from those described above; the parties will not obtain the
requisite financing or regulatory approvals for the proposed transaction; the
proposed transaction will not be consummated for any other reason;
management’s attention will be diverted from ongoing business operations; and
the anticipated benefits of the transaction will not be realized. The
forward-looking statements speak only as of the date made, and DISH Network
Corporation expressly disclaims any obligation to update these forward-looking
statements.

Additional Information About the Proposed Transaction and Where to Find It

This communication relates to a business combination transaction with Sprint
Nextel Corporation proposed by DISH Network Corporation, which may become the
subject of a registration statement filed with the SEC. This communication is
not a substitute for the joint proxy statement/prospectus that DISH Network
Corporation and Sprint Nextel Corporation would file with the SEC if any
agreement is reached or any other documents that DISH Network Corporation or
Sprint Nextel Corporation may send to shareholders in connection with the
proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE
JOINT PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS IF, AND
WHEN, THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED TRANSACTION. All such documents, if filed, would be
available free of charge at the SEC’s website (http://www.sec.gov). In
addition, investors and security holders may obtain free copies of such
documents filed by DISH Network Corporation with the SEC by directing a
request to: DISH Network Corporation, 9601 S. Meridian Boulevard, Englewood,
Colorado 80112, Attention: Investor Relations. This communication shall not
constitute an offer to buy or solicitation of an offer to sell any securities,
nor shall there be any sale of securities, in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.

Participants

DISH Network Corporation and its directors and executive officers may be
deemed, under the rulesof the SEC, to be participants in any solicitation of
shareholders of DISH Network Corporation or Sprint Nextel Corporation in
connection with the proposed transaction. Investors and security holders may
obtain information regarding the names, affiliations and interests of the
directors and executive officers of DISH Network Corporation in its annual
report on Form10-K for the year ended December31, 2012, which was filed with
the SEC on February20, 2013, and its proxy statement for the 2013 annual
meeting of shareholders, which was filed with the SEC on March22, 2013. These
documents can be obtained free of charge at the SEC’s website
(http://www.sec.gov) and from Investor Relations at DISH Network Corporation
at the address set forth above. Additional information regarding the interests
of these participants will also be included in any proxy statement/prospectus
and other relevant documents to be filed with the SEC in connection with the
proposed transaction when they become available.

Contact:

DISH Network Corporation
Media Relations:
Bob Toevs, 303-723-2010
bob.toevs@dish.com
or
Investor Relations:
Jason Kiser, 303-723-2210
jason.kiser@dish.com
 
Press spacebar to pause and continue. Press esc to stop.